$0.03 EPS Expected for Noodles & Company (NDLS) This Quarter
Equities research analysts expect Noodles & Company (NASDAQ:NDLS) to report $0.03 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Noodles &’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.01. Noodles & reported earnings per share of ($0.04) during the same quarter last year, which suggests a positive year over year growth rate of 175%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Noodles & will report full year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.02) to $0.02. For the next year, analysts expect that the company will post earnings of $0.06 per share, with EPS estimates ranging from $0.04 to $0.09. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Noodles &.
Noodles & (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $112.79 million during the quarter, compared to analyst estimates of $113.98 million. Noodles & had a negative net margin of 17.42% and a negative return on equity of 10.28%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS.
NDLS has been the topic of several analyst reports. Zacks Investment Research cut Noodles & from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Wedbush reaffirmed a “hold” rating and set a $5.50 target price on shares of Noodles & in a research report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $5.50 target price on shares of Noodles & in a research report on Tuesday, April 18th. ValuEngine cut Noodles & from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 target price on shares of Noodles & in a research report on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.72.
In other Noodles & news, Director Robert M. Hartnett acquired 72,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $3.55 per share, with a total value of $255,600.00. Following the completion of the transaction, the director now owns 61,682 shares in the company, valued at $218,971.10. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 52.67% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NDLS. Renaissance Technologies LLC boosted its position in Noodles & by 132.5% in the fourth quarter. Renaissance Technologies LLC now owns 395,800 shares of the restaurant operator’s stock valued at $1,623,000 after buying an additional 225,600 shares in the last quarter. KCG Holdings Inc. boosted its position in Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 27,818 shares in the last quarter. Creative Planning boosted its position in Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 72,000 shares in the last quarter. Spark Investment Management LLC acquired a new position in Noodles & during the second quarter valued at $226,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Noodles & by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 9,287 shares in the last quarter. 55.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Noodles & (NASDAQ NDLS) opened at 4.10 on Tuesday. The firm’s market cap is $167.19 million. Noodles & has a 12-month low of $3.16 and a 12-month high of $7.15. The stock has a 50 day moving average price of $4.02 and a 200 day moving average price of $4.47.
About Noodles &
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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